Will the AUD Face Further Depreciation: A Q4 Perspective

Australian GDP growth was relatively flat throughout the 2nd quarter of 2015 as global commodity prices remained severely depressed. The GDP result was well below expectations, indicating growth of 0.2% q/q in the wider economy. This represents the weakest period of growth since early 2013, and data from the third quarter is likely to follow suit, when released in December. The GDP result is likely to fall in line with the declining domestic mining investment which is clearly apparent within

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